Just after ten years of Asian financial crisis, another major financial crisis now concern for all developed and some developing countries is “Global Financial Crisis 2008.” It is beginning with the bankruptcy of Lehman Brothers on Sunday, September 14, 2008 and spread like a flood. At first U.S banking sector fall in a great liquidity crisis and simultaneously around the world stock markets have fallen, large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems. (Global issue)

According to the specialists, there are many reasons for this global financial crisis. We try to focus some prime reasons behind this crisis, which are as follows-

Subprime mortgage crisis- The Subprime mortgage crisis is an ongoing financial crisis characterized by contracted liquidity in global credit markets and banking systems. A downturn in the housing market of the......

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Title: Financial Crisis 2008
Approximate Word Count: 1151
Approximate Pages: 5 (250 words per double-spaced page)

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